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> Get out of my mentions unless you read the white paper at least five years ago or earlier Love it, thanks for sharing. It does seem like she is making the m
by kakarot 9y ago
> Get out of my mentions unless you read the white paper at least five years ago or earlier
Love it, thanks for sharing.
It does seem like she is making the mistake of conflating Bitcoin with general crypto however, which can be misleading to her audience.
Bitcoin indeed suffers from slow transaction speeds and extreme volatility.
Other coins, truer to the original vision, fair much better in those respects, and with wide adoption and usage, the volatility would subside.
- coatmatter 9y agoSarah Jeong posted that "crypto is short for cryptography" shouting-from-rooftops sketch a while back but I'm not sure where it's gone. I think when she refers to Bitcoin, she also means every other piece of madness that has come after it including altcoins/cryptocurrencies on the whole; and does not play favourites. Edit: Here's some evidence - https://twitter.com/search?q=%40sarahjeong%20cryptocurrency https://twitter.com/search?q=%40sarahjeong%20cryptocurrency I'm sure similar searches on related terms will reveal a similar sentiment very opposite to yours.
- kakarot 9y agoThis isn't an issue of bias from bad sources. I took issue with very specific complaints that were largely only true of Bitcoin, which has been undermined by corporate interests. The ICO / ponzi scheme / overnight stock expert craze is ridiculous and I do not take part. But Bitcoin Cash (closer to the vision of the original bitcoin whitepaper that she herself mentions, which she should know Bitcoin has now deviated significantly from) has been a transparent, expansive, and welcome addition to my other payment channels, much like Bitcoin used to be in the heyday. I enjoy using it when and where I can, I enjoy the decentralization, the lack of reliance on the banking system, etc. I am precisely that narrow part of the population she is highlighting. Most of her points are entirely correct, but besides her conflation of some of Bitcoin's problems with other cryptocurrency, she ultimately discredits me and others who understand exactly what the point of cryptocurrency is, and its benefits to our lifestyles, with the dismissive phrase, "See you at Burning Man." She must associate cryptocurrency with a specific kind of character and then attack that character instead, in order to drive her argument. That's fallacious and misleading.